Fenced Flex Building with Roll-Up
For Sale
$169,900
1203 Cameron St, Lafayette, LA 70501
Fenced commercial building with open work space, office amenities, storage features, and an additional side lot.
Property Size2,200 SF
Price / SF$77.23
Days on Market157
Property Features for 1203 Cameron St
General Information
Standard status
Active
Size
2,200 SF
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Buildings
1
Building Size
2,200 SF
Listing Agency:
Dream Home Realty, LLC
(337) 319-1544
Listed By:
Billy Pritchard · License #995715487
(337) 319-1544
Source:
Exprealty
Added: Mar 20
Changed: Aug 20
Last Checked: Aug 22 at 12:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dream Home Realty, LLC
Investment Insights
Based on property information with market context.
This flex property includes approximately 2,200 square feet within a 65'x34' commercial building. The layout combines an office, half bath, kitchenette, and an open work area of roughly 2,000 square feet. Built-in workbenches, shelving, and a dedicated mud sink support practical workspace and storage needs. A 14' roll-up door and new 3' entry door provide functional access.
The property fronts Cameron Street for approximately 125 feet and sits within a high-traffic commercial corridor in Lafayette. The fully fenced site has two 10-foot gates, limestone and concrete surfacing, and an additional side lot that can accommodate equipment storage or extra parking. Improvements include a freshly painted exterior and roof, updated stucco at the front, interior LED lighting, exterior dusk-to-dawn security lights, and updated plumbing and bathroom fixtures.
The property fronts Cameron Street for approximately 125 feet and sits within a high-traffic commercial corridor in Lafayette. The fully fenced site has two 10-foot gates, limestone and concrete surfacing, and an additional side lot that can accommodate equipment storage or extra parking. Improvements include a freshly painted exterior and roof, updated stucco at the front, interior LED lighting, exterior dusk-to-dawn security lights, and updated plumbing and bathroom fixtures.
Key Highlights
- Approximately 2,200 square feet in a 65'x34' commercial building
- Roughly 2,000‑square‑foot open work area with workbenches and shelving
- Approximately 125 feet of frontage on Cameron Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,604
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,080
$252.1K
Cap Rate 7%
$180,057
$180.1K
Cap Rate 9%
$140,044
$140.0K
Market Conditions
NOI Build-Up for 2,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$15.6K $7.08/SF
− Vacancy
−$748 −$0.34/SF
EGI
$14.8K $6.74/SF
− OpEx
−$2.2K −$1.01/SF
NOI
$12.6K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$252,080
Cap Rate 7%
$180,057
Cap Rate 9%
$140,044
Alternative Uses
Best Use
Warehouse
$180.1K
$157.6K – $210.1K
NOI $12,604 @ 7.0% cap · market cap 7.42%
Second Best
Industrial
$148.3K
$129.8K – $173.0K
NOI $10,380 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$520.2K
$455.1K – $606.9K
NOI $36,411 @ 7.0% cap · market cap 21.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jump In The Bayou LLC — 1506 Cameron St, Lafayette, LA 70501
- G Dogs Mobile Cafe — 500 Jasmine St, Lafayette, LA 70506
Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial building with open work space, office amenities, storage features, and an additional side lot.
Where is this flex space located?
The property is located at 1203 Cameron St Lafayette, LA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Approximately 2,200 square feet in a 65'x34' commercial building; Roughly 2,000‑square‑foot open work area with workbenches and shelving; Approximately 125 feet of frontage on Cameron Street
